KKR has added two US industrial properties worth $171m (€138m) to its portfolio as part of the global investment firm’s core-plus real estate strategy.

KKR said it bought the fully-leased 1.8m sqft properties located Texas from real estate firm Hines.

Roger Morales, KKR partner and head of commercial real estate acquisitions in the Americas, said: “As more consumers migrate to shopping online and expect a seamless delivery experience, the demand for modern logistics real estate in major markets continues to grow.

“We are excited to help meet that demand by increasing our footprint in the Dallas and Houston markets with the addition of these two high-quality, stable assets.”

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